Wishing you a Happy New Year feels like a remarkable understatement. Don’t worry - I won’t subject you to a rehash of 2020 and the incredible challenges the year brought. I will, however, point you to a few interesting tidbits that hopefully frame a better 2021 and beyond.
At the start of 2020, the major challenge for investors was navigating the uncertainty revolving around the coming presidential election. Well, we got plenty of that PLUS a worldwide pandemic thrown in for good measure! We could talk about the economic ups and downs of 2020 all day long, but looking at the economy through charts often tells a story in ways words cannot. So, please enjoy our “Fall Chart-a- Palooza.”
In just the first 5 months of 2020, we experienced the end of an 11-year Bull market, a lightning-fast 33-day Bear market, and the start of a new Bull market. What's in store for the rest of 2020?
The Paycheck Protection Act, now know as the PPP, was enacted as part of the CARES Act on March 27th. Now, the Paycheck Protection Program Flexibility Act (PPPFA) has been signed into law updating many of the provisions to make it easier for businesses to use these funds as they reopen.
If a picture is worth a thousand words, when it comes to analyzing economic data, a good chart (or ten) is certainly worth far more than that. Enjoy our fascinating chart compilation highlighting current conditions.
Welcome to March 61st! At least it feels that way. As we start May, there may be signs that, although undergoing monumental strains, our economy may bend but not break.